Steak n' Shake located in College Town

Statesboro, GA (Bulloch County)

Steak n' Shake located in College Town
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Asking Price: $495,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $150,000

Inventory: $8,000

Rent: $10,000 /Month

Established: 2012

Steak n' Shake located in College Town

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Business Description

This Steak n’ Shake business was opened in 2012 and is well located in the very popular college town of Statesboro, Georgia. This restaurant is visible from the freeway, surrounded by many national tenants, and 2.5 miles from Georgia Southern University making it very convenient to serve its 28,000 hungry students. This freestanding restaurant is 3,512 sq. ft with ample parking. The modern décor and excellent condition of this Steak n’ Shake are visually appealing to restaurant guests. This location offers drive-thru and dine-in service, seating up to 90 customers at one time. Steak n’ Shake is famously known for its steak burgers and hand-dipped milkshakes. The Steak n’ Shake concept continues to grow strong, serving the country’s best, freshest, and tastiest burgers and shakes.

Franchise History:
Steak 'n Shake, a classic American brand, was founded in 1934 in Normal, Illinois by Gus Belt who pioneered the concept of premium burgers and milkshakes. For over 80 years, the company’s name has been symbolic of its heritage. The word “steak” stood for steakburger. The term “shake” stood for hand-dipped milkshakes. Gus was determined to serve his customers the finest burgers and shakes in the business. To prove his point that his burgers were exceptionally prime, he would wheel in a barrel of steaks (including round, sirloin, and T-bones) and grind the meat into burgers right in front of the guests. Hence arose the origin of their famous slogan, “In Sight It Must Be Right." Today, Steak 'n Shake remains the “better burger” leader, serving premium 100% beef steakburgers, hand-dipped milkshakes, thin crispy fries, and more. Steakburgers are made without preservatives or artificial ingredients, topped with fresh produce, and always hand-crafted to order.

Detailed Information

Location:
Statesboro, GA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,512
Lease Expiration:
7/1/2038
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is in a freestanding building that 3,512 sq. ft and has a drive thru window. The building is in excellent condition with modern decor, visually appealing to any guest.
Competition:
This popular restaurant is in a prime shopping area and located 2.5 miles from Georgia Southern University.
Support & Training:
Steak ‘n Shake Franchise Partners must successfully complete an extensive, multi-week training program prior to taking over operation of a franchised Steak ‘n Shake restaurant business. With robust franchise support available, Steak ‘n Shake Franchise Partners are equipped to handle decisions and reap the rewards of achieving the American Dream.
Reason for Selling:
The seller lives out of state, travel to manage this store has become daunting.
Franchise:
This business is an established franchise
Business Website:
http://www.steaknshake.com/locations/ga-statesboro-henry-boulevard/
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Tim Dalton

Business Listed By:
Tim Dalton

Integra Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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